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News media are reporting that Deutsche Bank has been raided by German prosecutors. (see BBC here), (see NYTimes here). A money laundering investigation is what is being reported. Deutsche Bank stated that "[i] is true that the police are currently conducting an investigation at a number of our offices in Germany. The investigation has to do with the Panama Papers case. More details will be communicated as soon as these become known. We are cooperating fully with the authorities." (Tweet @ Deutsche Bank). They also have stated that "[a]s far as we are concerned, we have already provided the authorities with all the relevant information regarding Panama Papers." So if Deutsche Bank provided everything, why is there a raid?